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SNB Pledges to Avoid Franc Manipulation in Joint Release With US

Switzerland and the US deny currency manipulation claims amid a 39% US tariff, reaffirming adherence to International Monetary Fund and G20 currency principles.

Summary by Bloomberg
Switzerland and the US issued a joint statement vowing not to manipulate currencies, with the Swiss National Bank pledging to keep its monetary policy focused on price stability.

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In a joint statement with the US Treasury, the Finance Department and the National Bank confirm that Switzerland and the US are not using exchange rates to gain competitive advantages for their own economy. The statement could be an element of a larger deal.

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EURO-NEWS broke the news in on Monday, September 29, 2025.
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